10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2014
	OR
[   ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-30675

EnXnet, Inc.

(Name of issuer in its charter)

Oklahoma	73-1561191
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

11333 E. Pine Street, Suite 92 - Tulsa, Ok 74116

(Address of principal executive offices & zip code)

(918) 592 - 0015

Registrant’s telephone number, including area code:

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.   YES [X]     NO [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

YES [ ]     NO [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	[   ]	Accelerated Filer	[   ]
Non-accelerated Filer	[   ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [ ]     NO [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of August 7, 2014, there were outstanding 50,001,518 shares of the registrant’s common stock, $0.0005 par value.

Table of

Contents

		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements
	Balance Sheets June 30, 2014 and March 31, 2014 (unaudited)	3
	Statements of Loss For the three months ended June 30, 2014 and 2013 (unaudited)	4
	Statements of Cash Flows For the three months ended June 30, 2014 and 2013 (unaudited)	5
	Notes to Financial Statements (unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	13
Item 1A.	Risk Factors	13
Item 6.	Exhibits and Reports on Form 8-K	14
Signatures		15
Exhibit Index		16

PART I.  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

ENXNET, INC

BALANCE SHEETS

(Unaudited)

ASSETS	June 30, 2014			March 31, 2014
CURRENT ASSETS
Cash	$	23,730		$	23,439
Prepaid expenses		431			544
TOTAL CURRENT ASSETS		24,161			23,983
OTHER ASSETS
Patent technology, net		35,188			35,706
Deposits		1,137			1,137
TOTAL OTHER ASSETS		36,325			36,843
TOTAL ASSETS	$	60,486		$	60,826
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	553,198		$	547,557
Advances from officer - related party		12,500			12,500
Advances from stockholder		32,400			32,400
Convertible notes payable - stockholders		200,000			200,000
Convertible notes payable - related parties		829,118			829,118
TOTAL CURRENT LIABILITIES		1,627,216			1,621,575
STOCKHOLDERS’ DEFICIT
Common stock, $0.00005 par value; 200,000,000 shares authorized, 50,001,518 and 49,651,518 shares issued and outstanding		2,500			2,483
Additional paid-in capital		5,595,087			5,576,230
Accumulated deficit		(7,064,317	)		(7,039,462	)
Other comprehensive income		(100,000	)		(100,000	)
TOTAL STOCKHOLDERS’ DEFICIT		(1,566,730	)		(1,560,749	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	60,486		$	60,826

The accompanying notes are an integral part of these unaudited financial statements.

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ENXNET, INC

STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended
	June 30,
	2014			2013
REVENUES	$	—		$	—
COST OF SALES		—			—
Gross Profit		—			—
EXPENSES
Consulting fees		600			8,436
Depreciation & amortization		518			518
Payroll		4,576			15,849
Professional services		7,783			13,858
Occupancy		3,341			2,466
Office		441			1,215
Travel		565			302
Other		697			638
Total Expenses		18,521			43,282
LOSS FROM OPERATIONS		(18,521	)		(43,282	)
OTHER INCOME (EXPENSE)
Interest expense		(6,334	)		(6,136	)
NET LOSS	$	(24,855	)		(49,418	)
BASIC AND DILUTED NET LOSS PER SHARE	$	(0.00	)		(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		49,673,436			48,369,100

The accompanying notes are an integral part of these unaudited financial statements.

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ENXNET, INC

STATEMENTS OF CASH FLOWS

(Unaudited)

	For the three months Ended
	June 30,
	2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(24,855	)	$	(49,418	)
Adjustments to reconcile net loss to net cash used by operations:
Depreciation and amortization		518			518
Stock options expense		1,374			2,770
Changes in operating assets and liabilities:
Decrease in prepaid expenses		113			259
Increase in accounts payable & accrued expenses		5,641			8,693
Net cash used in operating activities		(17,209	)		(37,178	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock sales		17,500			38,500
Proceeds from advances from officer and stockholders		—			1,000
Repayment of advances from officer and stockholders		—			(1,000	)
Net cash provided by financing activities		17,500			38,500
NET INCREASE (DECREASE) IN CASH		291			1,322
CASH - Beginning of period		23,439			8,098
CASH - End of period	$	23,730		$	9,420
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest expense	$	—		$	—
Income taxes	$	—		$	—

The accompanying notes are an integral part of these unaudited financial statements.

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ENXNET, INC

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the three months ended June 30, 2014 have been prepared in accordance with generally accepted accounting principles in the United States of America, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial information. Accordingly, the financial statements do not include all information and footnotes required by generally accepted accounting principles in the United States for complete annual financial statements. In the opinion of management, the accompanying unaudited condensed interim financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The accompanying financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2014 Annual Report on Form 10-K.

NOTE 2 – GOING CONCERN

The Company has a working capital deficit and has incurred losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.  The financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

Management of the Company has undertaken certain actions to address these conditions.    Funds required to carry out management’s plans are expected to be derived from future stock sales and borrowings from outside parties. There can be no assurances that the Company will be successful in executing its plans.

NOTE 3 – CONVERTIBLE NOTES PAYABLE

Convertible notes payable-related parties consists of the following:
	June 30, 2014		March 31, 2014
3% convertible note payable to Ryan Corley, President of the Company, due on demand		21,705		21,705
2% convertible notes payable to Ryan Corley, due on demand		640,750		640,750
2% convertible note payable to an entity controlled by Ryan Corley,  due on demand		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, due on demand		111,350		111,350
3% convertible notes payable to Douglas Goodsell, due on demand		6,413		6,413
Total notes payable-related party	$	829,118	$	829,118

Convertible notes payable consist of the following:
	June 30, 2014		March 31, 2014
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 600,000 common shares		25,000		25,000
Total notes payable	$	200,000	$	200,000

NOTE 4 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

Advances from a stockholder at both June 30, 2014 and March 31, 2014 were $32,400.

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ENXNET, INC

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

The Company has notes payable to the CEO totaling $662,455 as of both June 30, 2014 and March 31, 2014. Accrued interest owed on these notes is $152,061 and $148,704. These notes and accrued interest are convertible into 15,885,089 and 15,811,628 shares, respectively.

An entity controlled by the CEO has made unsecured advances and notes payables to the Company. Advances and notes payable from the entity controlled by the CEO as of June 30, 2014 and March 31, 2013 is $160,250. Accrued interest owed on these notes was $21,014 and $22,090, respectively. These notes and accrued interest are convertible into 2,938,886 and 2,921,896 shares, respectively.

NOTE 5 - COMMON STOCK TRANSACTIONS

The Company sold 350,000 shares for $17,500 in cash during the three months ended June 30, 2014.

NOTE 6 – STOCK OPTIONS

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2002 Stock Option Plan, (the Plan). An aggregate amount of common stock that may be awarded and purchased under the Plan is 3,000,000 shares of the Company’s common stock. Under the Plan during the years ended March 31, 2013, the Company granted stock options to employees and members of the Board of Directors in the amount of 2,190,000. The Company recognized option expense of $1,374 due to the vesting of these options for the three months ended June 30, 2014.

A summary of the status of the Company’s stock options as of June 30, 2014 is presented below:

	June 30, 2014
Options outstanding at beginning of year	3,290,000
Options granted	-
Options exercised	-
Options canceled	-
Options outstanding at end of year	3,290,000

The following table summarizes the information about the stock options as of June 30, 2014:

Range of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Weighted Average Exercise Price (Total shares)		Number Exercisable	Weighted Average Exercise Price (Exercisable shares)
$	.12	1,990,000	3.06	$	.12	1,990,000	$	.12
	.15	300,000	.01		.15	300,000		.15
	.25	200,000	1.00		.25	-		-
	.50	300,000	2.00		.50	200,000		.50
	.15	500,000	2.41		.15	500,000		.15
$	.12 – .50	3,290,000	2.46	$	.17	2,990,000	$	.15

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS.

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Exchange Act which represent the expectations or beliefs concerning future events that involve risks and uncertainties, including but not limited to the demand for Company products and services and the costs associated with such goods and services. All other statements other than statements of historical fact included in this Quarterly Report including, without limitation, the statements under “Management’s Discussion and Analysis or Plan of Operations” and elsewhere in the Quarterly Report, are forward-looking statements.  While the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.

The following discussion of the results of operations and financial conditions should be read in conjunction with the financial statements and related notes appearing in this report.

EnXnet, Inc. was formed under the laws of the State of Oklahoma on March 30, 1999 as Southern Wireless, Inc. It is a business and technology development enterprise engaged in the development, marketing, and licensing of emerging technologies and innovative business strategies and practices, focusing primarily on products, solutions, and services that support and enhance multimedia management and green environmentally friendly systems for heating and air conditioning units.

The Company currently can satisfy its current cash requirements for approximately 60 days and has a plan to raise additional working capital by the sale of shares of the Company common stock to select perspective individuals and from additional borrowings. Additionally, holders of outstanding stock options have been exercising those options which have provided additional working capital for the Company. This plan should provide the additional necessary funds required to enable the Company to continue marketing and developing its products until the Company can generate enough cash flow from sales to sustain its operations.

The Company does not anticipate any significant cash requirements for the purchase of any facilities.

The Company currently has one part-time employee on the payroll. It is anticipated that the Company will need to hire additional employees in order to expand the marketing and developing of its products. Currently our employee and other outside consultants are used for the further development of our products.

Results of Operations – Three months ended June 30, 2014 and 2013.

Revenues have not been substantial as we refocused our efforts on developing technologies and developing marketing affiliates.

The Company incurred operating expenses of $18,521 and $43,282 for the three months ended June 30, 2014 and 2013, a decrease of $24,760 or 57%. The decrease in operating expenses of $24,761 for the three months ended June 30, 2014 when compared to the three month period ended June 30, 2012 is attributed to:

Increases (decreases) in:

 • Consulting fees of ($7,836)

 • Payroll expense of ($11,273)

 • Professional fees of ($6,075)

 • Other expense of $423

The decrease in consulting expenses of $7,836 for the three months ended June 30, 2014 compared to the three month period ended June 30, 2012 is a result of decreased cost for the production of a prototype TAC unit.

Table of Contents 8

The decrease in payroll expense of $11,273 for the three months ended June 30, 2014 compared to the three month period ended June 30, 2012 is a result of an overall decrease in salaries as we now have no full time employees.

The decrease in professional fees of $6,075 for the three months ended June 30, 2014 compared to the three month period ended June 30, 2012 is a result of reduced auditing fees incurred in the current year quarter.

During the three months ended June 30, 2014 and 2012 we incurred net losses of $24,855 and $49,418.

Liquidity and Capital Resources.

From inception through June 30, 2014, the Company has issued 50,001,518 shares of its Common Stock to officers, directors and outside shareholders.  The Company has little operating history and no material assets other than the patents for TAC Unit, ThinDisc, Passive Resonant Reflector, and an Antenna for an optical storage disk, EnXcase, and Disc Security Tag.  The Company has $23,730 in cash as of June 30, 2014.

The Company has incurred operating losses each year since its inception and has had a working capital deficit at June 30, 2014. At June 30, 2014 and March 31, 2014 the working capital deficit was $1,603,055 and $1,597,592, respectively. The working capital deficit and cash balance raise substantial doubt about the Company’s ability to continue as a going concern.  As a result of these factors, the Company’s independent certified public accountants have included an explanatory paragraph in their reports on the Company’s March 31, 2014 financial statements which expressed substantial doubt about the Company’s ability to continue as a going concern.

Contractual Obligations.

At the present time, the Company has no material commitments for capital expenditures.  If capital expenditures are required after operations commence, the Company will pay for the same through the sale of common stock, or through loans from third parties.  There is no assurance, however, that such financing will be available and in the event such financing is not available, the Company may have to cease operations.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES.

Management’s discussion and analysis of financial condition and results of operations are based upon our consolidated financial statements. These statements have been prepared in accordance with generally accepted accounting principles in the United States of America.

Use of estimates in preparation of financial statements

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates, based on historical experience, and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The following critical accounting policies rely upon assumptions, judgments and estimates and were used in the preparation of our consolidated financial statements:

Cash and cash equivalents

Cash equivalents are highly liquid investments with an original maturity of three months or less.

Table of Contents 9

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States necessarily requires management to make estimates and assumptions that affect the amounts reported in the financial statements. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Actual results could differ from those estimates.

Fixed Assets

Fixed assets are recorded at cost. Depreciation and amortization are provided using the straight-line method over the useful lives of the respective assets, typically 3-10 years. Major additions and betterments are capitalized. Upon retirement or disposal, the cost and related accumulated depreciation or amortization is removed from the accounts and any gain or loss is reflected in operations.

Depreciation and amortization expenses included in operating expenses for the three months ended June 30, 2014 and 2013 were $518 and $518, respectively.

Impairment of long-lived assets – The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. As of June 30, 2014, the company recognized $0 impairment expense.

Goodwill and other intangibles – Goodwill and other intangibles with indefinite lives are not amortized but are reviewed for impairment at least annually, or more frequently if an event or circumstance indicates that an impairment may have occurred. To test for impairment, the fair value of each reporting unit is compared to the related net book value, including goodwill. If the net book value of the reporting unit exceeds the fair value, an impairment loss is measured and recognized. An income approach is utilized to estimate the fair value of each reporting unit. The income approach is based on the projected debt-free cash flow, which is discounted to the present value using discount factors that consider the timing and risk of cash flows.

Licenses

The costs associated with acquiring exclusive licensing rights to patented technology have been capitalized and are being charged to expense using the straight line method of amortization over ten years, the estimated remaining useful lives of the patents.

Fair Value of Financial Instruments

Under FASB ASC 825 the Company is required to disclose the fair value of financial instruments for which it is practicable to estimate value.

The Company’s financial instruments consist of cash, accounts receivable, accounts payable, accrued liabilities and debt.  The Company believes that the carrying amounts approximate fair value for all such instruments.

Table of Contents 10

FASB ASC 820 defines fair value, establishes a framework for measurement, and expands disclosure about fair value measurements.  Topic No. 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price).  Topic No. 820 classifies the inputs used to measure fair value into the following hierarchy:

Level 1:	Quoted prices for identical assets or liabilities in active markets.
Level 2:	Quoted market prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
Level 3:	Pricing inputs are unobservable for the assets and liabilities, including situations in which there is little to no market activity.

Fair values assigned to the Company’s acquired fixed assets were determined using Level 2, and the fair value associated with the Company’s intangible asset was based on Level 3 inputs.  The inputs used to determine fair value require significant management judgment and estimation.

Research and Development Costs

Research and development costs are charged to expense as incurred.

Stock Based Compensation

FASB ASC 718 requires that measurement of the cost of employee services received in exchange for an award of equity instruments be based on the grant-date fair value of the award. Such costs are recorded over the periods employees are required to render services in exchange for the awards.

Income taxes

Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.

We have net operating loss carryforwards available to reduce future taxable income. Future tax benefits for these net operating loss carryforwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.

Basic and diluted net loss per share

Basic loss per share is computed using the weighted average number of shares of common stock outstanding during each period. Diluted loss per share includes the dilutive effects of common stock equivalents on an “as if converted” basis. For the years ended 2012, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operation, financial position or cash flows.

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Unaudited Financial Statements

The accompanying unaudited financial statements for the three months ended June 30, 2012 have been prepared in accordance with generally accepted accounting principles for interim financia1 information.  In the opinion of management all adjustments considered necessary for a fair presentation, which consist of normal recurring adjustments, have been included.  The accompanying financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2013 Annual Report on Form 10-K.

Off Balance Sheet Arrangements

We currently have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

CURRENT TRADING MARKET FOR THE COMPANY’S SECURITIES.

Currently the Company’s stock is traded under the symbol “EXNT” on the NASDAQ OTC Bulletin Board, and the symbol “AOHMDW” on the Frankfurt, Berlin and Stuttgart Stock Exchanges in Germany. There can be no assurance that an active or regular trading market for the common stock will develop or that, if developed, will be sustained. Various factors, such as operating results, changes in laws, rules or regulations, general market fluctuations, changes in financial estimates by securities analysts and other factors may have a significant impact on the market of the Company securities. The market price for the securities of public companies often experience wide fluctuations that are not necessarily related to the operating performance of such public companies such as high interest rates or impact of overseas markets.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable

ITEM 4. CONTROL AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures. Our Chief Executive Officer and Chief Financial Officer have concluded, based on their evaluation as of the end of the period covered by this report, that our disclosure controls and procedures (as defined in Rules 13(a)-15(e) under the Securities Act of 1934, as amended) are effective to ensure that all information required to be disclosed by us in the reports filed or submitted by us under the Securities and Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and include controls and procedures designed to ensure that information required to be disclosed by us in such reports is accumulated and communicated to the management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate and allow timely decisions regarding required disclosure.

Changes in Internal Controls. In connection with the above-referenced evaluation, no change in our internal control over financial reporting occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not involved in litigation at this time.  We may from time to time be a party to various legal actions in the ordinary course of business.  There can be no assurance that the Company will not be a party to litigation in the future that could have an adverse effect on the Company.

ITEM 1A. RISK FACTORS.

There have been no material changes with regard to the risk factors previously disclosed in our most recent Annual Report on Form 10-K.

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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

The following are included herein: The following are included herein:

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation.	10-SB	5/22/00	3.1
3.2	First Amendment to Articles of Incorporation.	10-SB	5/22/00	3.2
3.3	Second Amendment to Articles of Incorporation.	10-SB	5/22/00	3.3
3.4	Bylaws.	10-SB	5/22/00	3.4
10.1	Sub-License Agreement with Ryan Corley as Nominee.	10-SB	5/22/00	10.1
10.2	License agreement for Clear Video.	10-SB	5/22/00	10.2
10.3	License agreement for Clear Video – addendum.	10-SB	5/22/00	10.3
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32	Certification of Executive Officers pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 14^th day of August, 2014.

ENXNET, INC.
(the “Registrant”)
BY:	RYAN CORLEY
	Ryan Corley
	President, Principal Executive Officer and a member of the Board of Directors
BY:	STEPHEN HOELSCHER
	Stephen Hoelscher
	Principal Financial Officer, Principal Accounting Officer and a member of the Board of Directors

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EXHIBIT INDEX

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation.	10-SB	5/22/00	3.1
3.2	First Amendment to Articles of Incorporation.	10-SB	5/22/00	3.2
3.3	Second Amendment to Articles of Incorporation.	10-SB	5/22/00	3.3
3.4	Bylaws.	10-SB	5/22/00	3.4
10.1	Sub-License Agreement with Ryan Corley as Nominee.	10-SB	5/22/00	10.1
10.2	License agreement for Clear Video.	10-SB	5/22/00	10.2
10.3	License agreement for Clear Video – addendum.	10-SB	5/22/00	10.3
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32	Certification of Executive Officers pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

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EX-31.1

Exhibit 31-1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ryan Corley, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q of Enxnet, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions);

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 14, 2014	By:	/s/ Ryan Corley
			Chief Executive Officer and President

EX-31.2

Exhibit 31-2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Stephen J. Hoelscher, certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q of Enxnet, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions);

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 14, 2014	By:	/s/Stephen J. Hoelscher
			Stephen J. Hoelscher, Chief Financial Officer

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Enxnet, Inc. (the “Registrant”) on Form 10-Q for the quarter ending June 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Quarterly Report”), we, Ryan Corley, CEO and Stephen J. Hoelscher, CFO of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Quarterly Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and result of operations of the Registrant.

Date:	August 14, 2014	By:	/s/Ryan Corley
			Ryan Corley, Chief Executive Officer and President

Date:	August 14, 2014	By:	/s/Stephen J. Hoelscher
			Stephen J. Hoelscher, Chief Financial Officer

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4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER

3 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER

NOTE 4 – ADVANCES FROM AND NOTES PAYABLE TO OFFICER

Advances from a stockholder at both June 30, 2014 and March 31, 2014 were $32,400.

The Company has notes payable to the CEO totaling $662,455 as of both June 30, 2014 and March 31, 2014. Accrued interest owed on these notes is $152,061 and $148,704. These notes and accrued interest are convertible into 15,885,089 and 15,811,628 shares, respectively.

An entity controlled by the CEO has made unsecured advances and notes payables to the Company. Advances and notes payable from the entity controlled by the CEO as of June 30, 2014 and March 31, 2013 is $160,250. Accrued interest owed on these notes was $21,014 and $22,090, respectively. These notes and accrued interest are convertible into 2,938,886 and 2,921,896 shares, respectively.

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3. CONVERTIBLE NOTES PAYABLE

3 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

3. CONVERTIBLE NOTES PAYABLE

NOTE 3 – CONVERTIBLE NOTES PAYABLE

Convertible notes payable-related parties consists of the following:
	June 30, 2014		March 31, 2014
3% convertible note payable to Ryan Corley, President of the Company, due on demand		21,705		21,705
2% convertible notes payable to Ryan Corley, due on demand		640,750		640,750
2% convertible note payable to an entity controlled by Ryan Corley,  due on demand		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, due on demand		111,350		111,350
3% convertible notes payable to Douglas Goodsell, due on demand		6,413		6,413
Total notes payable-related party	$	829,118	$	829,118

Convertible notes payable consist of the following:
	June 30, 2014		March 31, 2014
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 600,000 common shares		25,000		25,000
Total notes payable	$	200,000	$	200,000

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Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Mar. 31, 2014
CURRENT ASSETS
Cash	$ 23,730	$ 23,439
Prepaid expenses	431	544
TOTAL CURRENT ASSETS	24,161	23,983
OTHER ASSETS
Patent technology, net	35,188	35,706
Deposits	1,137	1,137
TOTAL OTHER ASSETS	36,325	36,843
TOTAL ASSETS	60,486	60,826
CURRENT LIABILITIES
Accounts payable and accrued expenses	553,198	547,557
Advances from officer - related party	12,500	12,500
Advances from stockholder	32,400	32,400
Convertible notes payable - stockholders	200,000	200,000
Convertible notes payable - related parties	829,118	829,118
TOTAL CURRENT LIABILITIES	1,627,216	1,621,575
STOCKHOLDERS DEFICIT
Common stock, $0.00005 par value; 200,000,000 shares authorized, 50,001,518 and 49,651,518 shares issued and outstanding	2,500	2,483
Additional paid-in capital	5,595,087	5,576,230
Accumulated deficit	(7,064,317)	(7,039,462)
Other comprehensive income	(100,000)	(100,000)
TOTAL STOCKHOLDERS DEFICIT	(1,566,730)	(1,560,749)
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	$ 60,486	$ 60,826

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1. BASIS OF PRESENTATION

3 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

1. BASIS OF PRESENTATION

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited financial statements of EnXnet, Inc. (“EnXnet” or “the Company”) for the three months ended June 30, 2014 have been prepared in accordance with generally accepted accounting principles in the United States of America, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission for interim financial information. Accordingly, the financial statements do not include all information and footnotes required by generally accepted accounting principles in the United States for complete annual financial statements. In the opinion of management, the accompanying unaudited condensed interim financial statements reflect all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. The accompanying financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2014 Annual Report on Form 10-K.

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2. GOING CONCERN

3 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

2. GOING CONCERN

NOTE 2 – GOING CONCERN

The Company has a working capital deficit and has incurred losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern.  The financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

Management of the Company has undertaken certain actions to address these conditions.    Funds required to carry out management’s plans are expected to be derived from future stock sales and borrowings from outside parties. There can be no assurances that the Company will be successful in executing its plans.

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Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]
Common Stock, Par Value	$ 0.00005	$ 0.00005
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	50,001,518	49,651,518
Common Stock, Shares Outstanding	50,001,518	49,651,518

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6. STOCK OPTIONS - Option Activity (Details) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]
Options outstanding at beginning of year	3,290,000
Options granted		2,190,000
Options exercised
Options canceled
Options outstanding at end of year	3,290,000	3,290,000

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Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 07, 2014
Document And Entity Information
Entity Registrant Name	EnXNet Inc
Entity Central Index Key	0001083706
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		50,001,518
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

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6. STOCK OPTIONS - Stock Option Information (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Exercise Price, Minimum	$ 0.12
Exercise Price, Maximum	$ 0.50
Number Outstanding	3,290,000	3,290,000
Weighted Average Remaining Contractual Life Years	2 years 6 months
Weighted Average Exercise Price	$ 0.17
Number Exercisable	2,990,000
Weighted Average Exercise Price (Exercisable shares)	$ 0.15
Option 1 [Member]
Exercise Price, Minimum	$ 0.12
Number Outstanding	1,990,000
Weighted Average Remaining Contractual Life Years	3 years
Weighted Average Exercise Price	$ 0.12
Number Exercisable	1,990,000
Weighted Average Exercise Price (Exercisable shares)	$ 0.12
Option 2 [Member]
Exercise Price, Minimum	$ 0.15
Number Outstanding	300,000
Weighted Average Remaining Contractual Life Years	1 month
Weighted Average Exercise Price	$ 0.15
Number Exercisable	300,000
Weighted Average Exercise Price (Exercisable shares)	$ 0.15
Option 3 [Member]
Exercise Price, Minimum	$ 0.25
Number Outstanding	200,000
Weighted Average Remaining Contractual Life Years	1 year
Weighted Average Exercise Price	$ 0.25
Number Exercisable
Weighted Average Exercise Price (Exercisable shares)
Option 4 [Member]
Exercise Price, Minimum	$ 0.50
Number Outstanding	300,000
Weighted Average Remaining Contractual Life Years	2 years
Weighted Average Exercise Price	$ 0.50
Number Exercisable	200,000
Weighted Average Exercise Price (Exercisable shares)	$ 0.50
Option 5 [Member]
Exercise Price, Minimum	$ 0.15
Number Outstanding	500,000
Weighted Average Remaining Contractual Life Years	2 years 5 months
Weighted Average Exercise Price	$ 0.15
Number Exercisable	500,000
Weighted Average Exercise Price (Exercisable shares)	$ 0.15

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Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
REVENUES
COST OF SALES
Gross Profit
EXPENSES
Consulting fees	600	8,436
Depreciation & amortization	518	518
Payroll	4,576	15,849
Professional services	7,783	13,858
Occupancy	3,341	2,466
Office	441	1,215
Travel	565	302
Other	697	638
Total Expenses	18,521	43,282
LOSS FROM OPERATIONS	(18,521)	(43,282)
OTHER INCOME (EXPENSE)
Interest expense	(6,334)	(6,136)
NET LOSS	$ (24,855)	$ (49,418)
BASIC AND DILUTED NET LOSS PER SHARE	$ 0.00	$ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	49,673,436	48,369,100

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3. CONVERTIBLE NOTES PAYABLE (Tables)

3 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Convertible Notes Payable

Convertible notes payable-related parties consists of the following:
	June 30, 2014		March 31, 2014
3% convertible note payable to Ryan Corley, President of the Company, due on demand		21,705		21,705
2% convertible notes payable to Ryan Corley, due on demand		640,750		640,750
2% convertible note payable to an entity controlled by Ryan Corley,  due on demand		48,900		48,900
3% convertible notes payable to an entity controlled by Ryan Corley, due on demand		111,350		111,350
3% convertible notes payable to Douglas Goodsell, due on demand		6,413		6,413
Total notes payable-related party	$	829,118	$	829,118

Convertible notes payable consist of the following:
	June 30, 2014		March 31, 2014
4% convertible notes payable to a stockholder, due on demand, convertible into a maximum of 350,000 common shares		175,000		175,000
2% convertible notes payable to stockholders, due on demand, convertible into a maximum of 600,000 common shares		25,000		25,000
Total notes payable	$	200,000	$	200,000

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6. STOCK OPTIONS

3 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [Abstract]

6. STOCK OPTIONS

NOTE 6 – STOCK OPTIONS

On July 24, 2001, the Company filed with the SEC Form S-8, for its 2002 Stock Option Plan, (the Plan). An aggregate amount of common stock that may be awarded and purchased under the Plan is 3,000,000 shares of the Company’s common stock. Under the Plan during the years ended March 31, 2013, the Company granted stock options to employees and members of the Board of Directors in the amount of 2,190,000. The Company recognized option expense of $1,374 due to the vesting of these options for the three months ended June 30, 2014.

A summary of the status of the Company’s stock options as of June 30, 2014 is presented below:

	June 30, 2014
Options outstanding at beginning of year	3,290,000
Options granted	-
Options exercised	-
Options canceled	-
Options outstanding at end of year	3,290,000

The following table summarizes the information about the stock options as of June 30, 2014:

Range of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Weighted Average Exercise Price (Total shares)		Number Exercisable	Weighted Average Exercise Price (Exercisable shares)
$	.12	1,990,000	3.06	$	.12	1,990,000	$	.12
	.15	300,000	.01		.15	300,000		.15
	.25	200,000	1.00		.25	-		-
	.50	300,000	2.00		.50	200,000		.50
	.15	500,000	2.41		.15	500,000		.15
$	.12 – .50	3,290,000	2.46	$	.17	2,990,000	$	.15

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6. STOCK OPTIONS (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]
Option Shares Authorized		3,000,000
Options, Shares Granted		2,190,000
Stock Option Expense	$ 1,374

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4. ADVANCES FROM AND NOTES PAYABLE TO OFFICER (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Advances from Stockholder	$ 32,400	$ 32,400
Notes Payable, Officer	662,455	662,455
Accrued Interest	152,061	148,704
Convertible Notes, Shares issued upon Conversion	15,885,089	15,811,628
CEO Entity [Member]
Notes Payable, Officer	160,250	160,250
Accrued Interest	$ 21,014	$ 22,090
Convertible Notes, Shares issued upon Conversion	2,938,886	2,921,896

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6. STOCK OPTIONS (Tables)

3 Months Ended

Jun. 30, 2014

Other Liabilities Disclosure [Abstract]

Option Activity

	June 30, 2014
Options outstanding at beginning of year	3,290,000
Options granted	-
Options exercised	-
Options canceled	-
Options outstanding at end of year	3,290,000

Stock Option Information

Range of Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life Years	Weighted Average Exercise Price (Total shares)		Number Exercisable	Weighted Average Exercise Price (Exercisable shares)
$	.12	1,990,000	3.06	$	.12	1,990,000	$	.12
	.15	300,000	.01		.15	300,000		.15
	.25	200,000	1.00		.25	-		-
	.50	300,000	2.00		.50	200,000		.50
	.15	500,000	2.41		.15	500,000		.15
$	.12 – .50	3,290,000	2.46	$	.17	2,990,000	$	.15

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3. CONVERTIBLE NOTES PAYABLE - Convertible Notes Payable (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	$ 829,118	$ 829,118
UnRelated Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	200,000	200,000
3% Convertible Note Payable to Ryan Corley [Member] | Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	21,705	21,705
2% Convertible Notes Payable to Entity Controlled by Ryan Corley [Member] | Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	640,750	640,750
2% Convertible Note Payable to Ryan Corley [Member] | Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	48,900	48,900
3% Convertible Notes Payable to Entity Controlled by Ryan Corley [Member] | Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	111,350	111,350
3% Convertible Note Payable to Douglas Goodsell [Member] | Related Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	6,413	6,413
4% Convertible Note Payable to Stockholder [Member] | UnRelated Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	175,000	175,000
2% Convertible Note Payable to Stockholder [Member] | UnRelated Party Transaction [Member]
Convertible notes payable-related parties consists of the following:	$ 25,000	$ 25,000

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5. COMMON STOCK TRANSACTIONS (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2014
STOCKHOLDERS DEFICIT
Stock Issued for Cash, Shares	350,000
Stock Issued for Cash, Value	$ 17,500

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Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (24,855)	$ (49,418)
Adjustments to reconcile net loss to net cash used by operations:
Depreciation and amortization	518	518
Stock options expense	1,374	2,770
Changes in operating assets and liabilities:
Decrease in prepaid expenses	113	259
Increase in accounts payable & accrued expenses	5,641	8,693
Net cash used in operating activities	(17,209)	(37,178)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock sales	17,500	38,500
Proceeds from advances from officer and stockholders		1,000
Repayment of advances from officer and stockholders		(1,000)
Net cash provided by financing activities	17,500	38,500
NET INCREASE (DECREASE) IN CASH	291	1,322
CASH - Beginning of period	23,439	8,098
CASH - End of period	23,730	9,420
SUPPLEMENTAL CASH FLOW DISCLOSURES:
Interest expense
Income taxes

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5. COMMON STOCK TRANSACTIONS

3 Months Ended

Jun. 30, 2014

STOCKHOLDERS DEFICIT

5. COMMON STOCK TRANSACTIONS

NOTE 5 - COMMON STOCK TRANSACTIONS

The Company sold 350,000 shares for $17,500 in cash during the three months ended June 30, 2014.